Yesterday pull back indeed was a bear trap. History has showed that the last day of the year usually ends in red (9 out of 11 past years). Will the rally continue to live on? Or will the higher odds win … Continue reading →

The S&P 500 broke my multimonth downtrend resistance. It will need to confirm with a second green bar tomorrow before I add my longs back. If indeed the bulls can make it, the S&P 500 will move 2% to 3% … Continue reading →

The bulls not only successfully defended the 1,205 mark but also pushed the S&P 500 35.95 points higher. Looked like Santa Rally started today. I expect a range trading day for tomorrow since the bears will fight back. However I don’t expect tomorrow is … Continue reading →

The S&P 500 indeed opened higher on Friday. However the bears didn’t feel short squeeze at all. In fact channel breakout failed on the third hours of trading. New channel has been created due to the false breakout. For Monday the … Continue reading →